CHANGE MANAGEMENT: A NEED OF TODAY’S ORGANIZATION

ABSTRACT

Companies need to be flexible and innovative in the ways in which they deal with the unfamiliar situations they often find themselves in. We are in a time of great change. The reality of yesterday proves wrong today, and nobody really knows what will be the truth tomorrow. The steadily increasing complexity of the world is asking too much of us. How can we -as individuals, as well as organizations, prepare ourselves for an uncertain future? Through creating our own future! Change management means empowering organizations and individuals for taking over their responsibility for their own future. This paper describes the Challenges of Change faced by today’s managers and how to scope with these challenges and lead the organization. Every organization is affected by change. Still, organizational change initiatives fail at an alarming rate. This is because most initiatives fail to consider how changes affect the people in an organization.

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